Arthneeti

Benares Hotels Share Price & Earnings Call Analysis

₹10,200.00-0.12% today
Market cap
₹1,326 Cr
P/E
29.80
ROE
22.51%
PEG
1.30
Price to sales
8.52
Debt to equity
0.02
52W high / low
₹11,085 / ₹9,281
Sales growth (5Y)
41.84%
EBITDA margin
41.15%
Net profit margin
31.18%
Promoter holding
62.58%
Sales (last year)
₹156 Cr

Incorporated in 1971, Benares Hotels Limited (BHL) operates its hotels, viz. Taj Ganges and Taj Nadesar Palace in Varanasi, and Ginger, Gondia in Maharashtra. [1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Leisure Services
on management's own guidance

  1. Restaurant BrandGood growth
    2
  2. Landmark GlobalGood growth
    1
  3. Jubilant Foodworks LtdGood growth
    3
See all potential multibaggersWhere does Benares Hotels rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Leisure Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Landmark Global20–40%Up 2%+₹19 Cr—
2Restaurant Brand20–40%Up 0–2%₹6,189 Cr—
3Jubilant Foodworks Ltd20–40%Flat₹27,836 Cr73.0
420–40%Flat₹21,182 Cr45.2
520–40%Flat₹6,398 Cr471.0
620–40%Flat₹6,138 Cr51.7

Sign up free to see every company in the sector ranking and track Benares Hotels.

Pro shows every company guiding 40%+ revenue growth →Full Leisure Services ranking

Financials of Benares Hotels

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Benares Hotels

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +28252634362324394925244249
Expenses +16161618201414202715162227
Operating Profit11910161691019221082022
OPM %41%37%39%47%45%38%41%48%44%40%34%47%45%
Other Income +0111111112211
Interest0000000000000
Depreciation1111112122212
Profit before tax1089151591018211081921
Tax %25%26%25%25%25%25%26%26%25%26%26%25%26%
Net Profit +8671112671416861415
EPS in Rs58.3848.4652.6286.9289.1549.4655.38104.31123.4658.3146.77109.46118.08

Financials of Benares Hotels

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +475050476064245093121135139
Expenses +313536364243243557697680
Operating Profit16151411172101536515960
OPM %34%30%28%24%29%33%2%29%39%43%44%43%
Other Income +11211-0101356
Interest000011110000
Depreciation335456766667
Profit before tax14131181214-7831485858
Tax %35%36%37%17%28%21%-25%27%25%25%26%26%
Net Profit +9876911-5623364343
EPS in Rs71.0065.2352.4649.8567.0881.62-40.2343.46179.85277.23332.69332.62
Dividend Payout %28%31%29%30%22%9%0%23%11%9%8%8%

Financials of Benares Hotels

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111
Reserves485660647077717798132171211
Borrowings +000559944444
Other Liabilities +141418192018101417191940
Total Liabilities63717989971059195120156195257
Fixed Assets +4443415481918478737170157
CWIP13415100015191
Investments000000000000
Other Assets +192534201414717477910699
Total Assets63717989971059195120156195257

Financials of Benares Hotels

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1310119161721628414249
Cash from Investing Activity +-7-6-12-8-16-13-1-11-17-25-43-59
Cash from Financing Activity +-3-3-33-3-3-2-6-2-3-4-4
Net Cash Flow40-43-41-1-0912-5-14
Free Cash Flow268-19-12116262924-11
CFO/OP112%84%97%101%105%93%198%115%98%103%96%103%

Financials of Benares Hotels

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days192731312725121017151115
Inventory Days85858592796210968
Days Payable299285367446429333235298
Cash Conversion Cycle-195-173-251-323-323-246-11410171511-215
Working Capital Days92955-76-65-48-112-28-9-8-0-47
ROCE %31%25%18%12%17%18%-7%10%34%41%37%30%
64out of 100

Momentum score · price trend

64 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+9.3%68%
Last 6 months+2.1%58%
Last 3 months+0.1%68%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Benares Hotels: 0.4 × 68 + 0.4 × 58 + 0.2 × 68 = 64.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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